Paypal transacton fees

Discussion in 'PayPal' started by WebBuddy, Mar 23, 2009.

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  1. #1
    Hi,

    I am a first time PayPal user (residing in INDIA). Can anybody detail the steps of PayPal to bank account transfer. (Pls don't send link to PayPal.com .. I have gone thru those and wish to know from ppl actually using it) .

    1. As of now I have not even linked my bank account to the PayPal Account. So after linking the acct to PayPal what is the procedure for bank account confirmation (and money transfer .. from PayPal to bank account )

    2. What are the charges levied while the transfer is done. Do the banks (HDFC in my case) also levy the charges?    :confused::confused::confused:
     
    WebBuddy, Mar 23, 2009 IP
  2. Komicwords

    Komicwords Well-Known Member

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    #2
    I think indian member can answer this well and generally add paypal to your bank account is easy ,add bank to paypal member account then.fill it up with the detail and if some confusion happen asked youtube about this,I think alot video can help you "the real advice "
     
    Komicwords, Mar 23, 2009 IP
  3. poshswinger

    poshswinger Active Member

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    #3
    The normal way to do is to first add a bank account number, and then withdraw the fund inside the Paypal account to the bank account. The money will then arrive in a week time.

    Hope this helps. Thanks.
     
    poshswinger, Mar 23, 2009 IP
  4. WebBuddy

    WebBuddy Well-Known Member

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    #4
    what i also needed to know was how the paypal will confirm my bank account (i think that they make 2 small transactions of some cents .. then ask me to confirm that .. what is that procedure)?
     
    WebBuddy, Mar 23, 2009 IP
  5. nitinleew

    nitinleew Well-Known Member

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    #5
    Paypal will charge 1.95$ balance if you use Credit card..Then you can get 4-digit code from ur monthly statement
     
    nitinleew, Mar 23, 2009 IP
  6. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #6
    First of all you need to add bank account through going to Profile -> Add/Edit Bank Account.

    Once you add your bank account there then click on Withdraw button then select 'Withdraw funds to your bank account' option there.

    Its Free for Rs.7,000.00 INR or more and Rs.50.00 INR for Rs.6,999.99 INR or less withdrawal. There is no any charges from your HDFC bank.

    DON.
     
    deluxdon, Mar 23, 2009 IP